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(Z9) Holds Above Former........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Holds Above Former Channel Top
*RES 4: 163-10 Bear channel top drawn off the Sep 3 high
*RES 3: 162-19 High Oct 11
*RES 2: 161-22 High Nov 1 and key resistance
*RES 1: 160-29 Intraday high
*PRICE: 160-01 @ 11:50 GMT, Nov 21
*SUP 1: 158-30 Former channel top drawn off the Oct 8 high
*SUP 2: 157.28 Low Nov 18 and key near-term support
*SUP 3: 156-11 Low Nov 13
*SUP 4: 155-26 Low Nov 7
30yr futures traded higher earlier today however selling pressure has forced
prices off the high. The near-term outlook remains bullish following the recent
breach of bear channel resistance drawn off the Oct 8 high. This confirmed an
important S/T bullish technical development with attention on 161-22, Nov 1 high
next. On the downside, support has been defined at 157-28, Nov 18 low where a
break is required to neutralise the current bullish phase.

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